Indian Polity · Polity

What is a 'Financial Memorandum' in the context of the legislative process in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1A statement detailing the reallocation of funds during a financial emergency.
2A document submitted by the Finance Ministry outlining the upcoming fiscal policy.
3A annual report detailing the performance of public sector undertakings.
4A mandatory memorandum accompanying any Bill that involves expenditure from public funds.✓

Correct answer

A mandatory memorandum accompanying any Bill that involves expenditure from public funds.

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